Weak global cues dictated a cautious tone in Indian stocks on Tuesday, however, buying in IT, auto, banking, capital goods, and metal stocks led Sensex and Nifty 50 to end on a positive note. However, the benchmarks still resisted their lifetime highs. Midcap and smallcap stocks also picked up. India's volatility index dipped nearly a percent.
Sensex jumped by 159.40 points or 0.25% to end at 63,327.70, while Nifty 50 closed at 18,816.70 up by 61.25 points or 0.33%.
Talking about the market's performance, Vinod Nair, Head of Research at Geojit Financial Services said, "The Indian market opened cautiously due to weak global cues, with heightened concerns over the Chinese economy following their decision to cut interest rates after a 10-month pause. Global worries were amplified by concerns of a possible rate hike by the US Fed in its July meeting, with investors eagerly awaiting Powell’s testimony. However, the indices managed to recover smartly, led by upside in IT and Auto stocks."
A total of 1,929 stocks advanced on Tuesday, while 1,578 stocks declined and 124 stocks remained unchanged. Meanwhile, about 196 stocks touched new 52-week highs, on the contrary, 19 stocks hit new 52-week lows.
Here is the list of top gainers and losers during the June 20th trading session:
Sensex:
Top gainers: Tata Motors (+3.10%), HCL Tech (+2.69%), Power Grid (+2.45%), Tech Mahindra (+1.28%), and NTPC (+1%).
Top losers: Bajaj Finance (-1.86%), Bajaj Finserv (-1.18%), Sun Pharma (-0.96%), M&M (-0.51%), and Ultratech Cement (-0.41%).
Nifty 50:
Top gainers: Tata Motors (+3.07%), HCL Tech (+2.85%), Power Grid (+2.71%), HDFC Life (+2.49%), and Eicher Motors (+2.04%).
Top losers: Bajaj Finance (-1.80%), Bajaj Finserv (-1.23%), Sun Pharma (-0.90%), M&M (-0.81%), and BPCL (-0.57%).
BSE:
Top gainers: Shilpa Medicare (+10.36%), Saregama India (+10.07%), Jamna Auto Industries (+9.33%), Morepen Laboratories (+8.12%), and LG Balakrishnan & Bros (+7.81%).
Top losers: Timken India (-6.77%), ZEE Entertainment (-6.45%), ION Exchange (-4.04%), MRPL (-3.75%), and USHA Martin (-3.33%).
NSE:
Top gainers: Subros, CSL Finance, Mindteck (India), Keerti Knowledge and Skills, and Oil Country Tubular touched 20% upper circuits each.
Top losers: IIFL Securities (-16.57%), North EA CA CO LTD-RE (-15.38%), Rollatainers (-8.57%), Antarctica (-7.69%), and Mahamaya Steel Industries (-7.01%).
